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<table width="100%" summary="page for tobin"><tr><td>tobin</td><td align="right">R Documentation</td></tr></table>

<h2>Tobin's Tobit Data</h2>

<h3>Description</h3>


<p>Economists fit a parametric censored data model called the
&lsquo;tobit&rsquo;. These data are from Tobin's original paper.
</p>


<h3>Usage</h3>

<pre>data(tobin)</pre>


<h3>Format</h3>


<p>A data frame with 20 observations on the following 3 variables.
</p>
<p>durable: Durable goods purchase
</p>
<p>age: Age in years
</p>
<p>quant: Liquidity ratio (x 1000)
</p>


<h3>Source</h3>


<p>J. Tobin, Estimation of relationships for limited dependent
variables, Econometrica, v26, 24-36, 1958.
</p>


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